On Wednesday, Shares of Comcast Corporation (NASDAQ:CMCSA), gained 1.56% to $55.88.
Comcast Business declared that Hilton San Francisco Union Square hotel has upgraded its Comcast Business Ethernet services spanning its 1919 guest rooms and 130,000 square feet of meeting space, to provide a strong and reliable Internet experience for its guests. With the upgrade, Hilton San Francisco Union Square has moved from two Internet circuits of 500Mbps to two dedicated 1Gbps circuits, upgradable to 10Gbps.
Hilton San Francisco Union Square, the brand’s largest property in the Western U.S. and the largest hotel in San Francisco, hosts a variety of corporate clients counting leading organizations in the tech sector, making it imperative that its Internet offering is high-speed, reliable, flexible to scale and able to rapidly respond to the demands of its clientele in both its guest rooms and meeting spaces. It is equally important for the hotel to be able to provide the bandwidth to support guests’ social activities counting streaming video or other content to keep in touch with loved ones, while meeting industry standards to support up to 6,000 guests online at the same time.
Comcast Business’ Ethernet solution has enabled Hilton San Francisco Union Square to assist attract large scale conferences and events based on their ability to support clients’ broadband needs, counting the ability to work online throughout the hotel and high-speed support for all devices.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
Shares of The Blackstone Group L.P. (NYSE:BX), inclined 0.49% to $32.61, during its last trading session.
The PMI Group (PMIR) declared that funds associated with Blackstone Tactical Opportunities have made a planned investment in the Company.
In connection with the purchase of a noteworthy equity stake in PMI, Blackstone has agreed to provide the Company with a loan for working capital needs in exchange for warrants and certain other rights. The Company intends to use the funds to pursue its investment strategy, which may comprise raising additional capital. Among other rights, Blackstone will have the right to take part in future equity offerings by the Company and is predictable to nominate a director to the Board.
Timothy Graham, President and Chairman of the Board of Directors of the Company, stated, “We are delighted to declare Blackstone’s planned investment in PMI. The Board of PMI believes Blackstone is an ideal partner for the Company as PMI pursues an investment strategy that will create noteworthy shareholder value for all PMI shareholders.”
“Blackstone is happy to declare its investment in PMI,” said Naveen Bhatia of Blackstone Tactical Opportunities. “Blackstone is well positioned to assist the company achieve its planned objectives and maximize value for all shareholders. We look forward to partnering with the PMI team.”
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
Finally, PAREXEL International Corporation (NASDAQ:PRXL), ended its last trade with 1.48% gain, and closed at $64.60.
PAREXEL International Corporation declared that Ingo Bank, Senior Vice President and Chief Financial Officer, will discuss PAREXEL’s business activities and financial outlook at two investor conferences in September.
- 10th Annual Wells Fargo Healthcare Conference in Boston at 10:35 a.m. EDT on Wednesday, September 9, 2015.
- 8th Annual UBS Healthcare Supply Channel 1×1 Conference in Boston on Tuesday, September 22, 2015.
PAREXEL International Corporation, a biopharmaceutical services company, provides clinical research, clinical logistics, medical communications, consulting, commercialization, and advanced technology products and services for pharmaceutical, biotechnology, and medical device industries worldwide.
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